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Portugal is one of the favorite destinations of millionaires who invest in luxury homes

Buying a home with architectural signature, a beautiful pool and unobstructed views are some of the qualities of luxury homes for which millionaires do not mind paying even with prices above the market.

In addition to enjoying luxury homes for the pleasure of enjoying some stewardship, more than shares or bonds can provide,they also consider that this investment is safer than any other. "In addition to more realistic prices and the fascination of a stable investment to tackle stock market volatility, wealthy buyers are also interested in investing in green, efficient and smart home purchases with the latest technology to make it perfect everywhere"

The possession of residential property is generally part of a diversified investment portfolio, which differs from the last two years, that an uncertain economy affects a faster purchase decision.

Real estate as a safe investment
Many high-profile investors put money into a second or third home, as a safety net, because of their concern with a variety of economic and political factors. "This includes rising interest rates in the US, China's slowdown, low oil prices, conflicts in the Middle East and the fact that stocks are volatile, as well as the bonds that are sinking into a fragile market.

While most wealthy individuals choose for a second or third residence in the country in which they reside, there is a growing number of people with assets of more than $ 30 million who buy houses in other countries.

Caribbean and Europe to the most coveted destinations

Mid-market buyers are spending between $ 250,000 and $ 500,000 in unique real estate, but the richest investors are investing $ 1,000,000 or more in many markets, including the Caribbean and Europe. "We are experiencing a growing interest in Panama and countries where the US dollar is strong." These include France, Spain and Portugal.

Source: Jornal Económico

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